BNY Mellon Enterprise Treasury Services Recognized as Best White-Label System Provider for Third Consecutive Year

Private-label services for bank clients saluted in Global Finance magazine's Best Treasury & Cash Management Awards 2010 feature

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BNY Mellon

Mar 22, 2010, 08:04 ET

NEW YORK, March 22 /PRNewswire/ -- BNY Mellon has been recognized as Best White-Label System Provider in Global Finance magazine's annual survey of treasury and cash management providers for the scope of its private-label offerings to client banks and strength of its customer satisfaction ratings. This is the third consecutive year the company has earned the top spot in the survey.

BNY Mellon's Enterprise Treasury Services group provides outsourcing services to client financial institutions in a variety of forms, ranging from private label point solutions to full operations outsourcing. In its coverage of this year's survey, Global Finance said it was impressed by BNY Mellon's high customer satisfaction ratings and the broad range of BNY Mellon's Enterprise Treasury Services offerings. These include wholesale and retail lockbox, electronic bill presentment and payment, positive pay/payee, controlled disbursement, remote check deposit, and other cash management services; letters of credit, open account solutions, and other trade finance services; direct remittance services; item processing, foreign check collections, and other correspondent banking and clearing services; and AP outsourcing and other value added services.

"As a global leader in the development of treasury services and a key player in the world's correspondent banking network, we can provide client banks with support on two important levels: unsurpassed product and service innovation, and a robust technological infrastructure," said Eric Kamback, chief executive officer of BNY Mellon Treasury Services. "Thanks to our product expertise and technological strengths, BNY Mellon Enterprise Treasury Services clients can enrich their portfolios of product and service offerings while minimizing costs associated with product development and platform and system enhancements."

Global Finance prepares its rankings for Best Treasury and Cash Management Banks on the basis of input from industry analysts, corporate executives and technology experts. A complete awards listing appears in the magazine's March issue.

With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon Treasury Services delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.6 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon